Thread by @rachitaprasad

#NDTV says: Without any discussion with co or promoters, VCPL has served notice stating that it has exercised rights to acquire 99.5% control of RRPR Holding Private
, the promoter-owned Company that owns 29.18% of NDTV. #Adani

https://twitter.com/rachitaprasad/status/1562051462326362112

#NDTV says: The founders and the NDTV would like to make it clear that this exercise of rights by
VCPL was executed without any input from, conversation with, or consent of the NDTV founders,
who, like NDTV, have been made aware of this exercise of rights only today. #Adani

#NDTV's statment on #Adani's attempt to indirectly
acquire 29.18% stake in #NDTV and launch open offer signals a #HostileTakeover in making. Will NDTV promoters manage to fight and protect their interest, or would they be pushed out...only time will tell! #media

VCPL has exercised rights to acquire 99.5% control of RRPR Holding Private
. Ironically, promoters likely to lose control over an entity named after them ...RRPR...Radhika Roy-Prannoy Roy. #NDTV #Adani